There is a dumbest method for trading cryptocurrencies that almost guarantees 100% profit. I made over 20 million using this method!
Today, I'm sharing a method that is actually very simple. Even if you are a newbie in the crypto world, as long as you strictly follow this method, you can easily make money.
First, we need to set the moving averages on the K-line chart* to three lines: the 5-day moving average, the 15-day moving average, and the 30-day moving average. The 30-day moving average is the lifeline, a strong support or resistance. Then you can trade the cryptocurrency based on these three moving averages.
1. The chosen cryptocurrency must be in an upward trend. Of course, it can also be in a consolidation phase, but it must not be in a downward trend or when the moving averages are all opening downwards.
2. Divide the funds into three equal parts. When the price breaks through the 5-day moving average, buy 30% of your position. When the price breaks through the 15-day moving average, buy another 30%. Similarly, buy the final 30% when it breaks through the 30-day moving average. This requirement must be strictly followed.
3. If the price does not continue to break the 15-day moving average after breaking the 5-day moving average and instead shows a pullback, as long as the pullback does not break below the 5-day line, maintain the original position. If it breaks below, sell out.
4. Similarly, if the price breaks through the 15-day moving average and does not continue to rise, and the pullback does not break the 15-day moving average, continue to hold. If it breaks, sell 30% first. If it does not break the 5-day moving average, hold the remaining 30%.
5. When the price continues to break through the 30-day moving average and shows a pullback, sell everything at once according to the previous method.
6. Selling is the opposite. When the price is high and breaks below the 5-day line, sell 30% first. If it does not continue downward, hold the remaining 60%.
If the 5-day, 15-day, and 30-day lines are all broken, sell everything. Do not hold onto the hope of this 'foolish' operation method. Although simple, the most important thing is to have execution power. Once you buy in, the trading system is established. Only by strictly adhering to the trading discipline can you earn profits.
If you are also a tech enthusiast and are deeply researching technical operations in the crypto world, feel free to check out my article on the public account 'Sunny Days in the Crypto Circle', where you will receive the latest crypto news and trading tips.